Creditors Meeting - Monday at 3.30pm!!!!

[maizie]

I have my creditors meeting on Monday.. my creditors are HSBC (Loan, Visa and Overdraft) Capital One Visa and MBNA Visa. Getting panicky now... read some posts about HSBC being difficult at the moment. I need HSBC to agree as they are my main creditor. Does anyone know anymore information?

Life is far too stressful!!

[iva experts]

Hi Maizie,

Try and remain calm and dwell on the positives.

HSBC are difficult in the sense that where they hold a predominant amount of the overall debt, they require a larger dividend amount of 40p/£.

If you can reach this dividend and more (if possible), then this will be more appealing to HSBC.

Best Regards. IVA Experts

[Oliver]

I agree with the IVA Experts, HSBC canusually be appeased with a dividend of 40p in the £.

What is the breakdown of the debt (i.e. who is owed what)?



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[maizie]

Rough figures are:

HSBC Loan £27,000
HSBC Visa £5,000
HSBC Overdraft £750

Capital One Visa £850

Virgin Visa £2,500

Offering 40p/£1

Life is far too stressful!!

[Oliver]

In my experience this is a proposal that HSBC (majoirty creditor) will be happy to accept.

All the best.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp